Category Archives: Business

TOKYO: Asian shares dipped on Friday after weak corporate earnings dented Wall Street, while the dollar nursed its losses after marking its worst monthly performance in four years against a basket of six major currencies. The dollar index stood at ...

ISLAMABAD: Finance Minister Ishaq Dar said on Thursday that the federal government has decided not to revise existing prices of various petroleum products. Talking to media before a meeting of Economic Coordination Committee (ECC) of the Cabinet, Dar said that ...

NEW YORK: Oil prices hit their highest for this year on Wednesday after the first crude stock draw in five months at the U.S. Cushing, Oklahoma hub suggested an oil glut may be starting to ease. Government data showing a smaller-than-expected ...

NEW YORK: The dollar dropped to an eight-week low on Tuesday after a weak U.S. consumer confidence report, with investors cautious about a Federal Reserve meeting that could reinforce the view that interest rates in the world’s largest economy might ...

DUBAI: Pakistani investors pumped a whopping $378.99 million in Dubai’s real estate sector in the first three months of 2015 – the second largest investment after India in the non-Arab category. According to latest data issued by the Dubai Land ...

NEW YORK: Fifteen years after its bubble exploded dramatically costing tens of thousands of hopeful tech millionaires their savings, the Nasdaq finally made its way back this week. And this time, underpinning the market’s new record are real earnings at ...

SINGAPORE: Oil prices slipped on profit-taking in Asia Friday following sharp gains in the previous session as ongoing unrest in the Middle East fuels worries about supplies from the crude-rich region, analysts said. US benchmark West Texas Intermediate (WTI) fell ...

KARACHI: Overseas Pakistani workers remitted $13,327.47 million in the first nine months (July to March) of current 2014-15 fiscal year, showing a significant growth of 15 percent, the State Bank of Pakistan said Friday. It said during the same period ...

NEW YORK: Under a $2 billion deal to be signed during the Chinese president’s visit to Islamabad later this month, China will build a pipeline to bring natural gas from Iran to Pakistan to help address the country’s acute energy ...